Tony Robbins, the world's success guru: Governments cannot control Bitcoin

Money is the driving force in today’s world and for those who think that money can’t buy everything, it’s time for them to revisit the old psychological theory established by Abraham Maslow – the Maslow’s Pyramid.

Through this pyramid, we can see that without money there is no way to meet any needs. The most basic needs such as food, clothing and shelter all require money. Money has become an important part of everyone's life, and the monetary system has become the backbone of human civilization. All established monetary systems are controlled by governments and central banks. This means that governments and banks can decide what a person can and cannot do (just decide when to open or close people's funds).

Governments are not gods, and they can easily make wrong decisions due to greed, lack of understanding, and short-sightedness. At the same time, they can also target individuals by controlling their finances (tracking expenses, freezing bank accounts, etc.). In order to prevent their finances from being easily controlled, people have begun to choose alternative financial systems that are not connected to the country's banking and financial systems. Even Tony Robbins, a famous motivational speaker, agrees with this view.

There are two relatively safe ways, namely gold and Bitcoin. People have been investing in gold for a long time. Looking back at history, gold once existed as a currency, but was later replaced by legal tender. Although gold is one of the most stable precious metals, it is still vulnerable to the influence of governments and central banks. There have been many such cases in history, during economic depressions, governments forced individuals to hand over their gold.

Bitcoin is a decentralized currency that cuts out middlemen such as banks and other financial institutions when it comes to transactions and the maintenance of financial networks. Miners, the individuals or groups responsible for processing transactions on the Bitcoin network, act as trusted third parties and do not need to be concerned with the personal information of Bitcoin users.

Tony Robbins on Bitcoin

Tony Robbins recently introduced Bitcoin to his readers in his personal blog. Robbins mentioned that the government cannot devalue Bitcoin, it can be used anywhere in the world, and government agencies cannot freeze Bitcoin accounts (or wallets).

However, the government can still control Bitcoin exchanges and other third-party platforms that provide Bitcoin-based services.

In addition, governments and central banks are already considering how to apply Bitcoin technology to traditional monetary systems to eliminate some of the inherent flaws.

Between a government-developed digital currency and Bitcoin, which would you choose?

Original article: http://www.newsbtc.com/2016/02/21/tony-robbins-governments-cant-control-bitcoin/
Author: Gautham
Compilation: Overnight porridge
Source (translation): Babbitt Information (http://www.8btc.com/tony-robbins-bitcoin)